Comcast cable video subscribers down 149,000 in 4Q 2019
Thursday, January 23rd, 2020Comcast Reports 4th Quarter and Full Year 2019 Results
PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2019.
Cable Communications
Total Customer Relationships increased by 372,000 to 31.5 million in the fourth quarter of 2019. Residential customer relationships increased by 352,000 and business customer relationships increased by 20,000. Total high-speed internet customer net additions were 442,000, total video customer net losses were 149,000, total voice customer net losses were 2,000 and total security and automation customer net additions were 10,000. In addition, Cable Communications added 261,000 wireless lines in the quarter.
Video Customers (thousands):
2018 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 22,261 22,121 22,015 21,986 Net Additions (Losses) (96) (140) (106) (29) (370) 2019 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 21,865 21,641 21,403 21,254 Net Additions (Losses) (121) (224) (238) (149) (733)
Sky
Pro Forma Total Customer Relationships increased by 77,000 to 24.0 million in the fourth quarter of 2019. For the twelve months ended December 31, 2019, total customer relationships increased by 394,000.
Customer Relationships:
2018 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 22,903 23,010 23,436 23,600 Net Additions (Losses) 38 107 426 164 735 2019 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 23,712 24,016 23,918 23,994 Net Additions (Losses) 112 304 (99) 77 394
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